By Justina Lee

China Coal Energy Co. posted a significant rise in its earnings for 2021, supported by an increase in production, sales volume and selling prices of major coal chemical products.

Net profit rose to 14.72 billion yuan ($2.31 billion) compared with CNY9.36 billion in the prior year, while revenue rose 64% to CNY231.13 billion, the coal mining company said late Thursday.

The company's board proposed a cash dividend of CNY0.301 a share.

China Coal said that it will step up technological innovation and advance key and core technologies to drive more clean and efficient utilization of coal and green initiatives.


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

03-24-22 2040ET